Vice President, Risk Management

Vice President, Risk Management
Morgan Stanley & Co. LLC — New York, NY

Company Profile:Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment, and wealth management services. The Firm's employees serve clients worldwide, including corporations, governments, and individuals from more than 1,200 offices in 43 countries. In the Prime Brokerage and Institutional Equity division, we provide our clients around the world with intellectual insights and innovative product solutions and services that help them generate alpha. What youll do in the role: Morgan Stanley & Co., LLC is seeking a Vice President, Risk Management in New York, New York to identify, understand, solve, and monitor challenges related to electronic and algorithmic trading. Implement and own electronic trading risk controls which are designed to enable business development in a risk-controlled manner. Monitor electronic trading activity and controls in real-time and address issues when they arise. Perform analysis based on large complex datasets and system logs to diagnose issues and develop fact-based recommendations and solutions to problems and inquiries. Own and enhance a variety of critical operational processes focused on mitigating operational and regulatory reporting risks. Provide electronic trading subject matter expertise and risk oversight as it relates to existing electronic trading product risk management coverage, algorithm development, the development of new electronic trading products and the strategy and implementation of new sources of electronic liquidity. Program management of business initiatives.What youll bring to the role:-Requires a Bachelors degree in Business, Finance, or a related field-Requires three (3) years of experience in the position offered or three (3) years as a Risk Management Associate, Trading Associate, Trading Strategist Associate, Trading Algorithm Software Developer Associate, or a related roleRequires three (3) years of experience with the following skills: Equity and listed derivatives market micro-structure across the Americas; Identifying, troubleshooting, and solving real-time and strategic issues with trading systems, controls, and regulatory inquiries; Managing systematic, low-latency, algorithmic trading risks across multiple risk stripes including technology, liquidity, market, regulatory and operational risk; Using data science and data analytical approaches to analyze large data sets for decision making; Project management for cross divisional initiatives including software development; Using limit management systems and user interface to manage market impact; Interpreting algorithmic trading activity and behavior; Overseeing and coordinating large scale cross-divisional control deployments; Understanding the Americas regulatory landscape, and how e-trading processes fit within that; Third party vendor platforms and limit management tools; Reviewing technology deployments, and ensuring there is suitable risk management; Understanding the differences in trading behavior between different asset classes and underliers; Bloomberg; PowerBI; Business Objects; Microsoft Visio; Microsoft Office Applications; Python; Shell scripting; and Q/KDB.-Requires one (1) year of experience with the following skills: Representing e-trading risk functions in senior governance forums. Expected base pay rates for the role will be between $225,000 and $250,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.Qualified Applicants: To apply, visit us at https://morganstanley.eightfold.ai/car

Vice President, Risk / Policy Management
Morgan Stanley Services Group Inc. — New York, NY

Company Profile:Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment, and wealth management services. The Firm's employees serve clients worldwide, including corporations, governments, and individuals from more than 1,200 offices in 43 countries.In the Firm Risk Management division, we advise businesses across the Firm on risk mitigation strategies, develop tools to analyze and monitor risks and lead key regulatory initiatives.What youll do in the role: Morgan Stanley Services Group Inc. is seeking a Vice President, Risk / Policy Management in New York, NY to perform the following duties: Reviewing, effectively challenging model assumptions, mathematical formulation, implementation of supervisory rules and if necessary, independently testing Internal Liquidity Stress Testing (ILST) and Net Interest Income Sensitivity models covering the Firms activities in US, Europe and Asia. Proactively communicating with the global and regional treasury and liquidity risk teams on ongoing validations and any model issues that may come up. Answer regulatory and internal audit requests related to MRM activities on ILST and Net interest Income, attending regulatory meetings. Develop and review existing monitoring and quantify model risks due to model limitations and thematic risks including developing compensating controls. Develop high-quality validation reports highlighting risks and limitations of models and communicate findings to stakeholders, senior management, and governance Committees. Collaborate with Global MRM teams, Model Control Officers, Regulatory Capital Controllers, Finance and Risk Managers to manage model risk across the model lifecycle. Telecommuting permitted up to 2 days per week.What youll bring to the role:-Requires a Masters degree in Financial Engineering, Mathematics, or related field of study.-Requires two (2) years of experience in Model/Anlys/Valid Senior Manager, Quantitative Risk Modeler, Senior Vice President, Financial Quantitative Analyst, Analyst, or a related occupation.-Requires 2 years of experience with each of the following skills: model development or validation in treasury or liquidity risk management functions with sound understanding of model lifecycle and validation report; the banking regulatory environment, including with Bank of International Settlements (BIS) PRINCIPLES IN Basel III, BCBS 239, FRTB; quantitative programming skills including Python, R, and advanced excel knowledge; data visualization and data analytics; model development or validation on capital planning requirements and practices from FRB including CCAR, DFAST, OCC, ECB, and PRA; core banking, investment and trading products; banking regulations: FRB SR 11-07, SR 12-17, SR 14-08, SR 15-18, PRA SS1/23, EBA CRD/CRR, ECB Guide to ICAAP; data lineage and database schema; working with large datasets, data warehouse.Expected base pay rates for the role will be between $180,000 and $250,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs. Qualified Applicants: To apply, visit us at https://morganstanley.eightfold.ai/careers?source=mscom and enter JR036985 in the search field. No calls please. EOE

Vice Resident, Risk/ Policy Management
Morgan Stanley Services Group Inc. — New York, NY

Company Profile: Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment, and wealth management services. The Firm's employees serve clients worldwide, including corporations, governments, and individuals from more than 1,200 offices in 43 countries. In the Firm Risk Management division, we advise businesses across the Firm on risk mitigation strategies, develop tools to analyze and monitor risks and lead key regulatory initiatives. What youll do in the role: Morgan Stanley Services Group, Inc. is seeking a Vice Resident, Risk/ Policy Management in New York, New York to develop, implement, and maintain quantitative market risk models to measure and monitor the Firms exposure to Equity and related asset classes. Apply mathematical and statistical techniques to support Value at Risk (VaR), Full Revaluation VaR, Expected Shortfall, stress testing, and Risk Not in VaR (RNIV) frameworks in line with regulatory and internal risk management requirements. Support development of new models under the Fundamental Review of the Trading Book (FRTB) framework. Perform quantitative analysis, backtesting, and sensitivity analysis to evaluate model performance and investigate changes in risk metrics driven by market movements, portfolio changes, or model enhancements. Design and execute model testing plans for large scale strategic model developments. Support model development and maintenance activities, including risk factor identification, calibration, and data validation. Develop and maintain analytical tools and automated workflows in a production environment and prepare technical documentation for model changes and ongoing governance. Collaborate with Front Office, Risk Management, Model Risk Management, and Technology teams to support model development, implementation, model validation, analysis, audit requests, and regulatory inquiries.What youll bring to the role:-Requires a Masters in Actuarial and Financial Mathematics, or a related field-Requires three 3) years of experience in the position offered or three (3) years as an Associate, Analyst Market Risk Analytics, or a related role-Requires Three (3) years of experience with the following skills: Utilizing quantitative finance knowledge of derivative pricing; Applying probability, statistics, and stochastic processes, to financial risk modeling; Equity markets and equity products; Applying knowledge of regulatory market risk frameworks, including Basel standards and the Fundamental Review of the Trading Book (FRTB); Conducting time series analysis; Programming skills in Python, including development of production quality analytical code; Market risk modeling expertise, including Value at Risk (VaR), Full Revaluation VaR, Expected Shortfall, and Risk-not-in-VaR framework; Analyzing changes in risk metrics driven by market movements, portfolio changes, or model updates; Relational databases and SQL for data extraction and analysis; Documentation of mathematical models; and Working with large financial datasets, including data validation. Expected base pay rates for the role will be between $180,000 and $205,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs. Qualified Applicants: To apply, visit us at https://morganstanley.eightfold.ai/careers?source=mscom and enter JR036965 in the search field. No calls please. EOE